Shelby Cobra sells for US$5.5M

Can you imagine this? $5.5 million for a car? These people are out of their minds. I wouldn't pay $55,000 for a car much less millions no matter what it was. Thing better drive itself.

SCOTTSDALE, Ariz. (AP) - An 800-horsepower Shelby Cobra, once the personal car of the racing veteran who developed the iconic vehicle, has sold for US$5.5 million at auction, a record for an American car.

The sale of the 1966 Shelby Cobra "Super Snake" brought a packed house to its feet Saturday at the Barrett-Jackson Collector Car Auction after a pair of bidders drove the price up.

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